MARA (NASDAQ:MARA) Shares Up 3.7% – Should You Buy?

Shares of MARA Holdings, Inc. (NASDAQ:MARA) rose 3.7% during trading on Tuesday . The stock traded as high as $20.19 and last traded at $19.97. Approximately 11,999,379 shares traded hands during trading, a decline of 79% from the average daily volume of 56,514,340 shares. The stock had previously closed at $19.25.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Compass Point downgraded shares of MARA from a “buy” rating to a “neutral” rating and boosted their target price for the company from $21.00 to $25.00 in a research report on Thursday, November 21st. Needham & Company LLC restated a “hold” rating on shares of MARA in a research note on Wednesday, November 13th. Cantor Fitzgerald initiated coverage on shares of MARA in a report on Thursday, October 10th. They set an “overweight” rating and a $21.00 price objective for the company. HC Wainwright reaffirmed a “buy” rating and issued a $28.00 price target on shares of MARA in a research report on Wednesday, December 4th. Finally, JPMorgan Chase & Co. raised MARA from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $12.00 to $23.00 in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, MARA has a consensus rating of “Hold” and a consensus target price of $25.80.

MARA Stock Up 4.7 %

The company has a market capitalization of $6.48 billion, a PE ratio of 25.51 and a beta of 5.63. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. The stock has a 50-day moving average of $21.44 and a 200 day moving average of $19.32.

MARA (NASDAQ:MARA) last issued its quarterly earnings results on Tuesday, November 12th. The business services provider reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.04). The company had revenue of $131.60 million during the quarter, compared to analysts’ expectations of $140.26 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. MARA’s quarterly revenue was up 34.4% compared to the same quarter last year. During the same period last year, the firm posted ($0.05) earnings per share. Sell-side analysts anticipate that MARA Holdings, Inc. will post -1.02 EPS for the current year.

Insider Transactions at MARA

In other MARA news, Director Jay P. Leupp sold 11,200 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $27.06, for a total transaction of $303,072.00. Following the sale, the director now owns 142,556 shares in the company, valued at $3,857,565.36. This represents a 7.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Frederick G. Thiel sold 27,505 shares of MARA stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $17.50, for a total value of $481,337.50. Following the completion of the transaction, the chief executive officer now owns 4,250,804 shares of the company’s stock, valued at approximately $74,389,070. This trade represents a 0.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 153,615 shares of company stock worth $3,258,686 in the last quarter. Insiders own 0.97% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Private Advisor Group LLC increased its position in shares of MARA by 27.7% during the third quarter. Private Advisor Group LLC now owns 226,199 shares of the business services provider’s stock valued at $3,669,000 after buying an additional 49,062 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of MARA by 8.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,656,363 shares of the business services provider’s stock valued at $43,086,000 after acquiring an additional 217,106 shares during the last quarter. Mutual of America Capital Management LLC grew its holdings in shares of MARA by 112.4% during the third quarter. Mutual of America Capital Management LLC now owns 203,975 shares of the business services provider’s stock worth $3,308,000 after purchasing an additional 107,963 shares in the last quarter. Everence Capital Management Inc. bought a new position in shares of MARA in the third quarter worth approximately $640,000. Finally, Weiss Asset Management LP purchased a new stake in MARA in the third quarter valued at approximately $1,557,000. Institutional investors own 44.53% of the company’s stock.

MARA Company Profile

MARA Holdings, Inc operates as a digital asset technology company that mines digital assets with a focus on the bitcoin ecosystem in United States. The company was formerly known as Marathon Digital Holdings, Inc and changed its name to MARA Holdings, Inc in August 2024. MARA Holdings, Inc was incorporated in 2010 and is headquartered in Fort Lauderdale, Florida.